To Describe Preferences, Economists Use the Concept of

question 72

Multiple Choice

To describe preferences, economists use the concept of

• A)opportunity cost.
• B)marginal benefit.
• C)scarcity.
• D)price.
• E)marginal cost.

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Definitions:

Cephalic

Directional term meaning toward the head.

Jugular

Relating to the jugular veins, which carry blood from the head back to the heart.

Brachial

Pertaining to the arm, specifically the area from the shoulder to the elbow.

Low-Density Lipoprotein

Often referred to as "bad" cholesterol, a type of lipoprotein that transports cholesterol to tissues, which can lead to plaque build-up in arteries.